Climber Capital SA Invests $853,000 in Invesco QQQ (NASDAQ:QQQ)

Climber Capital SA bought a new stake in Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,671 shares of the exchange traded fund’s stock, valued at approximately $853,000. Invesco QQQ comprises 0.7% of Climber Capital SA’s investment portfolio, making the stock its 28th biggest position.

Several other institutional investors have also added to or reduced their stakes in QQQ. Guidance Point Advisors LLC boosted its stake in shares of Invesco QQQ by 6.9% in the fourth quarter. Guidance Point Advisors LLC now owns 1,312 shares of the exchange traded fund’s stock valued at $671,000 after buying an additional 85 shares during the period. Grant Private Wealth Management Inc bought a new stake in Invesco QQQ during the 4th quarter worth approximately $815,000. Arete Wealth Advisors LLC raised its stake in shares of Invesco QQQ by 9.3% during the fourth quarter. Arete Wealth Advisors LLC now owns 69,465 shares of the exchange traded fund’s stock valued at $35,544,000 after acquiring an additional 5,927 shares during the last quarter. Nicolet Advisory Services LLC lifted its holdings in Invesco QQQ by 8.3% during the 4th quarter. Nicolet Advisory Services LLC now owns 1,300 shares of the exchange traded fund’s stock worth $660,000 after buying an additional 100 shares during the period. Finally, Roger Wittlin Investment Advisory LLC lifted its stake in shares of Invesco QQQ by 1.4% in the fourth quarter. Roger Wittlin Investment Advisory LLC now owns 13,656 shares of the exchange traded fund’s stock worth $6,982,000 after acquiring an additional 186 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $476.15 on Thursday. The firm has a market cap of $302.05 billion, a price-to-earnings ratio of 30.05 and a beta of 1.18. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81. The firm has a 50 day moving average price of $505.23 and a two-hundred day moving average price of $505.09.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 24th will be issued a $0.7157 dividend. The ex-dividend date of this dividend is Monday, March 24th.

Invesco QQQ Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.